Hints and tips:
...In recent months Chinese authorities have questioned staff and taken away computers at consulting group Bain and detained five local staff of US due diligence firm Mintz Group....
...China has recently cracked down on consultancy and auditing firms, and in March raided due diligence firm Mintz, partially because of its work in Xinjiang....
...Five Beijing-based employees of US due diligence firm Mintz Group were also detained earlier this year....
...Dentons became the largest Western law firm in China by number of personnel when it joined forces with Dacheng in 2015....
...Mintz said it was licensed to “conduct legitimate business in China, where we have always operated transparently, ethically and in compliance with applicable laws and regulations”....
...Law firm leaders have also watched with horror as Chinese security officials carried out a series of raids on foreign companies in recent months, including western advisory firms Mintz Group and Bain....
...The ban follows mounting scrutiny of foreign firms in China, including raids in May on the US consultancies Capvision, Bain & Company and Mintz, which were accused of ignoring national security risks and...
...China has raided the offices of several US-based consultancies this year, detaining local employees of due diligence firm Mintz Group over what it said were national security concerns....
...“It’s hard to attract capital if you can’t get a report from a global due diligence firm,” said one international services executive....
...“Multinationals are concerned . . . it’s named the anti-espionage law and espionage naturally gets people a bit worried,” said Alex Roberts, a data compliance expert at law firm Linklaters in Shanghai....
...The below FDD infographic shows how the Counter-Espionage and Foreign Relations laws fit into a suite of statutes: It’s no secret that foreign information, research, and consulting groups such as Mintz,...
...In March, US due diligence firm Mintz was raided — partly as a result of its work in Xinjiang....
...“In the context of China’s new counter-espionage law, which casts a wide net over the range of documents, data or materials considered relevant to national security, the additional scrutiny of firms providing...
...The multiple raids in recent weeks on US companies Capvision, Bain & Company and Mintz — all of which have considerable operations in China — signal a sea change in Beijing’s attitudes to US business....
...Mintz and apprehended local staff, detained a senior executive from Japan’s Astellas Pharma group and hit London-headquartered Deloitte with a record fine....
...Law firm DLA Piper’s head of finance David Trott has resigned less than two years after joining from Freshfields Bruckhaus Deringer....
...Chinese officials have launched a series of raids on consultancies in China, including Capvision, Bain & Company and due diligence group Mintz....
...Matt Levine at Bloomberg thinks that giving an opinion on leveraged loans could undermine the SEC’s separate attempt to bring crypto into the securities-law firmament....
...Bain & Company and due diligence group Mintz....
...Staple Street co-founder Hootan Yaghoobzadeh is an alumnus of Cerberus Capital, known as one of the fiercest firms on Wall Street....
...Third, shadow trading in ETFs prior to price-sensitive news allows insiders to benefit from increases in the price of both the source firm and related firms. It’s a fun paper, to be sure....
...Just in recent weeks, China has sanctioned Lockheed Martin and Raytheon; begun a probe of Micron; raided the due diligence firm Mintz Group and arrested some of its staff; detained 17 Japanese businessmen...
...It follows raids on Mintz and Bain & Company....
...“There are going to be people who are going to say this is going to lead to a massive flood of litigation,” said Rollo Baker, a partner at law firm Quinn Emanuel....
...Even those not on special deals at US law firms benefited from a spate of “special” bonuses doled out by Big Law to thank associates for their hard work during the pandemic....
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